S4F55 - Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606 Course Overview

Target Audience for S4F55 - Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606

S4F55 - Revenue Accounting and Reporting focuses on IFRS 15 and US-GAAP ASC 606, equipping professionals with essential skills for accurate revenue recognition and reporting.

• Accountants
• Financial Analysts
• Financial Controllers
• Compliance Officers
• Revenue Recognition Specialists
• Auditors
• Tax Advisors
• CFOs and other Finance Executives
• Business Analysts
• Operations Managers
• Corporate Finance Professionals
• SAP Consultants
• ERP System Implementers
• Accounting Graduates
• Professional Trainers in Accounting and Finance

Learning Objectives - What you will Learn in this S4F55 - Revenue Accounting and Reporting - Assisting with IFRS 15/US-GAAP ASC 606?

Course Introduction

The S4F55 - Revenue Accounting and Reporting course equips students with essential knowledge of IFRS 15 and US-GAAP ASC 606, focusing on effective revenue recognition and compliance in financial reporting.

Learning Objectives and Outcomes

• Understand the principles of revenue recognition under IFRS 15 and ASC 606.
• Analyze and apply the five-step revenue recognition model.
• Identify performance obligations within contracts.
• Evaluate transaction prices and constraining estimates of variable consideration.
• Recognize revenue upon fulfilling performance obligations.
• Assess the implications of revenue recognition on financial statements.
• Integrate revenue accounting practices into strategic financial planning.
• Explore disclosures and reporting requirements for revenue accounting.
• Compare and contrast IFRS and US-GAAP approaches to revenue recognition.
• Facilitate the transition to new revenue accounting standards effectively.